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20130220
20130220
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Search Results 0 to 24 of about 25 (some duplicates have been removed)
of events with names like the debt ceiling deadline, the fiscal cliff, and the next one is barreling down the tracks. it is called the sequester, but it has nothing to do with a jury. and if it isn't stopped, if it's allowed to go through in ten days, huge automatic spending cuts go into effect. the president used some dire language to warn about it today. and tonight, nbc's john yang explains what this sequester is and the impact it could have for everyone. >> reporter: with no budget deal in sight and automatic spending cuts just days away, president obama said today it was the fault of congressional republicans. >> they haven't come together and done their jobs, and so as a consequence, we've got these automatic, brutal spending cuts. >> reporter: republicans blame the president. >> the president, back in the last session of congress, refused to cut spending in any place. >> reporter: they're fighting over a sequester. washington speak for the $1.2 trillion across-the-board spending cuts that would begin march 1st unless congress and the president agree on a deficit-cutting package. >>
's why they've losten oh the debt ceiling on the fiscal cliff. the idea here that this is going to, you know, kind of sway the president with the republicans i don't think it's a matter of surveying him. i think it's a matter of him owning it and there's no unified response, it's only a win-win for him. cenk: interesting. patrick, it's a real interesting question as to what the progressives should want more. he made the point they are split at this point. a remove people call themselves progressives, but they're thought, they're just democrats. i want to show you some of the numbers on the chained c.p.i. and ask you where people should stand on this. social security cuts with the chained c.n.i. over oh 10 years is $112 billion in cuts. that's significant. over oh 12 years it costs you $1,272. that's going to hurt some folks. over 30 years you wind up losing $28,000 from your social security. now that's a long time, 30 years but obviously people are not happy about that on the progressive side. that's in the bowls simpson plan. the president cuts a lot from discretionary spending. what's
's a debt ceiling, which we thought was going to happen -- four, actually, the fiscal cliff, which didn't happen, that would have been bad. a debt ceiling, which would have been unimaginably horrible, a hell storm of epic proportions. a continuing resolution which could lead to a government shutdown, and a sequester. the sequester is, of these four, probably the least damaging to the economy, the least disruptive, least freakout to the market. there's an advantage to the fact boehner has moved his people to have a fight on the sequester. obama and him are going to have a fight on the sequester and hopefully we'll figure this out before we get to the debt ceiling or something we can't get back out of. there is a sense with a harm mitigation strategy being attempted by john boehner here to try to get his people focused on something, where even if it goes wrong and there's no deal, we don't crash the global economy as a consequence. >> it reminds me of the late 1800s and 1900s when leeching was the preferred medical treatment, bleed it out, bleed it out. that's effectively the strategy tak
to the party, because as we've seen through fiscal cliff, debt ceiling and now sequester, they don't have to get anything done, even when they put the guillotine over their own necks to get something done, they still won't get anything done. is that why glenn beck doesn't like chris christie anymore? >> jonathan, krystal and nia-malicka, thank you. coming up the vice president loads both barrels. >>> first off, the chinese have hacked my blackberry. i can't open up any of my e-mails. they're sitting here being held hostage. i click on them and they don't open. oh, yeah, i could have put the back on first. [ male announcer ] when ziggy the cat appeared at their door, he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep ziggy's body as strong as a love that reaches further than anyone's words. iams. keep love strong. ♪ they hatin' ♪ patrolling they tryin' to catc
for the fiscal cliff impasse, the debt ceiling battles in the various continuing resolutions that have kept the government running despite no budget. this time not even a compliant and complicit media can bail him out. the sequester unquestionably his idea and he publicly broken his own promise. there would be no sequester, at least to this point. the president told america during a presidential debate governor mitt romney on october 22 last year the sequester "will not happen." we will see. a new report says military is behind an overwhelming number of cyber attacks against american targets. that report traces of those attacks to a single building in shanghai, headquarters of a unit of the liberation army. hackers have stolen massive amounts of valuable information of all kinds from at least 115 american corporations over the course of the past seven years. companies involved in everything from finance energy to infrastructure. chinese government officials have dismissed that report is groundless, pretty much the response to all similar charges brought the years. the white house is not com
going. pretty simple, huh? republicans threaten to stop it. it's relentless, the fiscal abyss, the debt ceiling. different words, different deadlines all detonate the same explosion. they threaten to crash the government if they don't like the way it's doing something. if they don't like who the american people have elected as republican. isn't what the republicans did in the old days? if they didn't like a government somewhere, guatemala, iran, chile, they just brought it down. guess what? republicans are now using the same tactic here at home. if they don't like who we have elected as president, they find some way to undermine the president. whatever it takes to destroy it. we are using in this country the same old cold war cia tactics to destabilize our own country. look at the impact this constant threats to shut down the government have been having on public confidence. it's all in the ratings. it's undermining it, making people forever nervous about the basic ability of america to even have a running government. that patriotic? i don't think so. that's "hardball" for now. thanks f
? republicans threaten to stop it. it's relentless, the fiscal abyss, the debt ceiling. different words, different deadlines all detonate the same explosion. they threaten to crash the government if they don't like the way it's doing something. if they don't like who the american people have elected as republican. isn't what the republicans did in the old days? if they didn't like a government somewhere, guatemala, iran, chile, they just brought it down. guess what? republicans are now using the same tactic here at home. if they don't like who we have elected as president, they find some way to undermine the president. whatever it takes to destroy it. we are using in this country the same old cold war cia tactics to destabilize our own country. look at the impact this constant threats to shut down the
this hand. remember this was all about the debt ceiling. how do we avoid going over the fiscal cliff with the debt ceiling last summer. and they were log jammed. and they said we need something to really make this happen. and at a meeting at the white house somebody said years ago they had a thing called the sequester, where these horrible horrible, horrible cuts were put in there that would happen if congress didn't act. and everybody said okay. let's do that again. then it came up to the congress and the republicans in congress 174 of them voted for this. john boehner paul ryan eric cantor all voted for it. and when it was over john boehner said i love this. i got 98% of what i want. these cuts which are so bad that everybody thought never, never, never would congress go along with it. you know why the republicans want to go along with it? because they don't give a damn. they don't care if the government is whacked across the board. first responders and air traffic controllers and pell grants and all of that other stuff cut. they don't care. so my question to you is,
's happening behind closed doors in deals like the fiscal cliff deal or debt ceiling deal. the very fact the process is happening and advocates know that their members are working together on this makes it much more likely for them to get involved. as those senators involved in this have mentioned. they are not planning to get a bill to the floor until march. so i think you're only going to see those efforts stepping up in the next few weeks. >> i want to bring in congressman castro, it's good to have you on the show. they would have had loved to have a tap on the phone, three republicans that he talked to yesterday talking about immigration. what do you take away from that? >> i think that the president is serious about working in a bipartisan way to get comprehensive immigration reform done. he does want to be a leader on this but also that he respects the role of the congress and specifically of those republicans who have gone out on a limb a bit to make comprehensive immigration reform a reality. >> we've been talking about the c contentious town hall, only guns will discourage illeg
with this somewhat justified given those numbers? i mean, even when we were dealing with the debt ceiling and the fiscal cliff, there was a lot more activity coming out of this white house. >> there is a great deal of activity in this white house regarding the sequester, and there will continue to be. you saw the president yesterday urged congress to take the necessary actions to avoid these across the board in the scrimmaged -- in discriminatory cut that would do harm to our national security and cost jobs. these are men and women patrolling our borders. teachers, first responders. these are real people whose futures hang in the balance depending on a decision that republicans in congress will or will not make. secondly, besides the cbo, they estimate that the sequester, if it takes place in 2013, it will reduce growth 5.6% during 2013. we have already seen impacts from the sequestered. analysts made it clear back in january. it was in large part because the defense sector had anticipation of the sequestered driving down defense spending. we will see only more of that happen if a sequest
is this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that so that march 27 might be the next deadline to look at. host: poco -- "the new york times" has this story -- "dire forecast on effective budget cuts." here is bloomberg businessweek looking at a reboot for the simpson-bowles plan. are we hearing anything new from them and what has the reaction been? guest: what is interesting is we have not had a ton of reaction from both sides. here is generally what their plan looks like -- 2.4 trillion dollars over the course of 10 years. that is scaled back. their other big deficit commission was around $4 trillion. one quarter of that would come from medicare and medicaid savings. another quarter would come f
of the aisle. we had the fiscal cliff, now we have this, we have the debt ceiling deadline in may. there's no dramatic substantive action. it's just one little baby step or kick it down the road and here we are again. and they're playing with people's jobs, money, taxes, livelihoods. our government just seems so dysfunctional and broken and gridlocked. >> and then things like this happen and we go until the 11th hour and oh, a solution but it's not really a solution because we've only done half of the work we should have done. in three months we'll talk about it again and we go through this all over again. just talking about we want to blame both sides and we want to say everybody is responsible. but president obama was up there with the first responders, and some people are questioning whether or not that was a manufactured setup and a scenario where he was like, i'm with these guys, you're the ones that are not able to let this happen and you're going to affect them. but was that necessary is the question? >> all politicians like their backdrops and to put a human face on the issue. fo
in place, but questions about debt ceiling and other continuing resolution and other aspects of the federal fiscal situation which are very concerning and we think pose not only near-term threats to the travel business, but longer term threats to the economy if our political leaders can't get to an agreement. >> it shouldn't be this way. you are picking up in your industry from the brutality of the 2007-2008 downturn. you don't have supply for hotel rooms coming onstream. you should have really good pricing power at the moment. i see that in your negotiations for corporate customers, you expect to increase your room rates by high single digits. are you happy with that or had you hoped for more? >> no, i think -- the frustrating thing about this political situation in washington is business is really good and there are so many aspects of our economy which are not only good for our business, but show broad recovery. so our comp sales growth were up 8% in the month of january and we feel really good about the way that the year has started, which makes this doubly frustrating. the sequestration
ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just figuring out ways to come up with a new deal? this was supposed to be the deal. this was supposed to be the thing that forced action. >> right. >> what was the point of it if we're not going to enforce it? >> that's a very good question. what was the point of it? the point of it was that people had crawled out on a limb, and they needed to come off it somehow. the very people who crawled out on that limb are now saying, how did we ever get here? you made me do it. it is ridiculous. and unfortunately, you know, what's that hillary clinton line that she used to use? the definition of madness is doing the same thing over and over again and expecting a different result. just in ter
the government at the end of march or allow a -- another debt ceiling crisis. i think it will be more of the same. like muddle through without that, you know, cathartic relief from all the fiscal uncertainty. but neither a catastrophe. >> all right. and stocks continue to run on monetary fumes as greg said. greg, thank you again for your time. great to see you this morning. >> all right. thanks, kelly. >>> the major news event in europe, the italian elections on sunday. italy's caretaker prime minister mario monty has come out swinging again the former premier, silvio berlusconi, saying he didn't maintain promises made in the past and that the new governor could govern well. this as the foul mouthed comedian/politician whipped a route into a frenzy into a rally in milan:we have more. >> reporter: supporters of the five-star movement out in force. some estimates suggest up to 100,000 people gathered in the square to hear him speak. he was treated like a rock star by the supporters that surrounded him as he left his camper van, the tsunami tour is what he's allegedly on right now. he certainly is g
. pretty simple, huh? republicans threaten to stop it. it's relentless, the fiscal abyss, the debt ceiling. different words, different deadlines all detonate the same explosion. they threaten to crash the government if they don't like the way it's doing something. if they don't like who the american people have elected as approved for use as needed in the middle of the night when you can't get back to sleep. it's an effective sleep medicine you don't take before bedtime. take it in bed only when you need it and have at least four hours left for sleep. do not take intermezzo if you have had an allergic reaction to drugs containing zolpidem, such as ambien. allergic reactions such as shortness of breath or swelling of your tongue or throat may occur and may be fatal. intermezzo should not be taken if you have taken another sleep medicine at bedtime or in the middle of the night or drank alcohol that day. do not drive or operate machinery until at least 4 hours after taking intermezzo and you're fully awake. driving, eating, or engaging in other activities while not fully awake without rememb
Search Results 0 to 24 of about 25 (some duplicates have been removed)